Champion Homes (NYSE:SKY) Director Sells $104,500.00 in Stock

Champion Homes, Inc. (NYSE:SKY) Director Erin Claire Helgren sold 1,100 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $104,500.00. Following the completion of the sale, the director directly owned 8,196 shares of the company’s stock, valued at $778,620. The trade was a 11.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Champion Homes Price Performance

Champion Homes stock opened at $93.54 on Thursday. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17. The company’s 50 day moving average price is $83.25 and its two-hundred day moving average price is $80.96. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.08 billion, a P/E ratio of 27.27 and a beta of 1.01.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $710.23 million during the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.Champion Homes’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. On average, equities analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SKY. UMB Bank n.a. boosted its holdings in shares of Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after acquiring an additional 138 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Champion Homes in the fourth quarter valued at $26,000. Kestra Advisory Services LLC bought a new stake in shares of Champion Homes during the 4th quarter valued at $26,000. Parallel Advisors LLC raised its stake in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Champion Homes during the 3rd quarter worth about $35,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SKY. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on shares of Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, UBS Group increased their target price on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

About Champion Homes

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.